Where should I go to find a Mentor? Preferably someone who's financially literate.?

Question

I'm interesting in finding a mentor to, well, mentor me :]

I'm 20 years old and have a wonderful fiance, and 10 month old daughter.

I am a full time student studying to be a RN, possibly NP. I am very interested in investing, and business and want to learn from someone who knows what they're doing! I want someone who has experience in becoming fiancially free with real estate and starting and owning businesses. I want to be taught!!

I don't want someone trying to 'sell' me on their multilevel marketing plan.

I would like some suggestions, websites, etc. Point me in the right direction please!!

Thanks so much!

Answer 1

It might sound too simple to be true, but it's worked for me....

Read lots!  There are tons of reputable websites with easy to access information on all sorts of investing.  My personal favorite is Morningstar.com.

My own personal advice to you is being as young as you are, take advantage of a tax deferred plan like a Roth IRA.  Read up on them....they're a magnificent invention.  Also, when you get settled in with an employer, and if they offer a retirement plan, contribute to the plan what will get you the maximum match from the company.

Answer 2

Kudos to you for wanting to make the effort. Too many do not and that is to their detriment.

I would like to point out when it comes to money the only one you can truely trust is yourself. Take everything else with a grain of salt.

I suggest you go to Vanguard.com. They have some wonderful basic learning information.

I don't hold out a lot of hope for you to find a mentor. Most real good advisors want to be paid.

Answer 3

One thing you should avoid is the seminars that offer to show you the 'secrets' to earning big money on the stock market or in real estate. The only people who make money out of these are the people who run the seminars.

You should take time to study the market over a period of months; learn about areas that sell at good prices; areas that give good rental returns; watch the trends; study the markets in the newspapers. When you are ready, be prepared to take a bit of risk, and don't panic if your returns are negative for a while - there is always downward and upward trends. If you are confidant, invest a much as you can afford, and re-invest all your profits. Eventually, if you've worked everything out, you should be able to build up a good portfolio.

Answer 4

There are tons of certified financial planners and advisors out there.  The BBB (better business bureau) is probably the best place to start.

Answer 5

I do commend you for seeking financial advice at such a young age.  I have been a financial mentor for several years and would like to invite you to my new Syndicated Coop Group where people network together to help each other attain financial freedom.  Become a member of this free coop group here:  

http://finance.groups.yahoo.com/group/li...

My contact info is there for you if you need it.  I will help you out.

Answer 6

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